“We still have a long way to go but existing and new partners believe in our success and Malaysia Airlines has been set on a path towards reclaiming its position as one of the world’s leading airlines,” said MAS group chief executive officer Cristoph Mueller.
PETALING JAYA: Malaysia Airlines Bhd (MAS), which started the year positively with the company making good progress on its turnaround plan, expects the second quarter to be weaker due to the soft demand during Ramadan.
The national carrier said overall, the airline and the group were expected to record a loss for the whole fiscal year of 2016, but significantly smaller than initially budgeted at the beginning of the year, and ahead of the turnaround plan for the airline to be sustainably profitable by 2018.
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